Russian Luxury Apartment Rents Sink as Expats Flee Moscow

Rental prices for Moscow's most expensive apartments fell 17 percent last year, according to a forthcoming IntermarkSavills report, with analysts blaming multinationals fleeing Russia and a collapsing ruble for the dip in rates. Demand for high-priced apartments — properties with monthly rental rates between $4,000 and $10,000 — fell 9 percent last year, compared with 2013, according to the IntermarkSavills report, which blamed the drop...